Market-Maker ("MM") Program Information

The MM program allows Trading Permit Holders (TPH) and TPH organizations to stream quotes into designated Hybrid classes from locations on or off of the trading floor. MMs will be enabled to create customized class appointments, called virtual trading crowds ("VTCs"), which will allow them to cover a range of classes regardless of their geographic locations. Currently, only MMs that are physically present on the trading floor can trade in the non-Hybrid product SPX. Only effective MM TPH and MM TPH Organizations will be eligible to apply for VTC appointments.

All registration/application forms can be found on the website at the Cboe Trading Permit Holder Forms Library at: